The Portugal international has two years left to run on his contract with the Rossoneri but has indicated his time at the club is coming to an end.
Milan failed to qualify for the Champions League last season with the club now open to selling the 26-year-old, looking for a fee of around €50million (£43m).
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United are said to have made an initial enquiry with the player’s representatives reaching out to Arsenal to discuss a possible move to north London.
‘Both clubs are in the market for a new left winger this summer.
Leao is currently with the Portugal squad ahead of their World Cup campaign which begins against DR Congo on 17 June.
United have been credited with interest (Picture: Matteo Bottanelli/NurPhoto/Shutterstock)
While there is interest from elsewhere, the winger has made it clear a move to England or Spain is his top priority.
‘I need a new challenge. I already won two trophies in Italy and have been there for a while,’ Leao said.
“The league [Serie A] is evolving, but for my style of football, I think the Premier League or La Liga would make more of my talent, as a player.
Leao hopes to impress at the World Cup (Picture: AFP via Getty Images)
‘If a Premier League opportunity were to come along, I would be very happy. I think that I can put my talent up against the players there, who are of a very high level.
‘Playing in that kind of a league really gets the best out of a player.’
Leao scored nine goals and registered three assists in Serie A last season.
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